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Scoring: Evaluate your existing cost reduction and profit improvement methodsGive yourself one
point for each "yes."
q
If you score 6 points or more, you have a good Cost Reduction/Profit
Improvement Process structure that should
be working well for you.
q
If you score 5 points or fewer, your efforts are a strong
candidate for review. Experience shows that the most productive and vital Profit
Improvement efforts contain all of the first nine elements and continuously
produce profits in excess of informal plans. The reasons that formal plans are
superior to no plans or informal plans are as follows: ; Formal plans keep corporate expectations in focus. ; Regular reporting makes it easy to track and quickly adjust projects when needed. ; Organizational and individual accountability helps people find the time, energy, and other resources to invest in creating savings. ; Ongoing expectations keep the program alive. They motivate people to think "outside the box," to find new ideas when the old ones are used up. Research shows that most new ideas come from the last 10% of ideas. More information of Profit Improvement.visit www.profitpro.us
our new website dedicated to cost reduction and profit improvement. Link to a Profit Improvement Process Summary at ProfitPro.us
Achieving world-class profit improvement. |
Cost Reduction & Profit Improvement
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